Press release
Plant-based Meat Market: Global industry to Witness Considerable Growth by 2028
Evolve Business Intelligence
Major drivers impacting the growth of the plant-based meat market
• Increasing awareness about the health benefits offered by plant-based meat over animal meat
• A significant increasing number of people that use vegan products and solutions.
• Various food manufacturers have increased their creativity, investment, and product offerings.
For more information on the report: https://evolvebi.com/product/plant-based-meat-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the plant-based meat market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the plant-based meat market report also includes the following data points:
• COVID19 Impact on plant-based meat market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the plant-based meat market
Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “In 2020, the COVID-19 pandemic has become a big disruptor, forcing global focus to turn to meat supply and food security. The conventional meat supply was disrupted due to this pandemic, which is believed to have spread through the wet meat markets. This is expected to increase the demand for plant-based meat during this pandemic”
Competitive Scenario
Some of the major Plant-based Meat players holding high market share include Beyond Meat, Impossible Foods Inc, Vegetarian Foods Inc., and Conagra Inc. These players adopt new product development as a key strategy to gain significant market share to compete with market leaders.
Segmental Analysis
The report's aim is to provide a holistic market overview based on Global Plant-based Meat Market By Source (Soy, Wheat, Pea), By Product (Burger Patties, Sausages, Meatballs, Strips & Nuggets), By Type (Chicken, Beef, Fish, Pork).
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the plant-based meat market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The Key players profiled in the report are:
• Beyond Meat
• Impossible Foods Inc.
• Vegetarian Butcher
• Conagra, Inc.
• Quorn
• Tofurky
• VBites Foods Limited
• S Kraft Foods, Inc.
• Kellogg NA Co. (MorningStar Farms)
• Gooddot
To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/plant-based-meat-market-analysis-and-global-forecast-2020-2028-with-covid-impact-analysis/
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade map, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the plant-based meat market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the plant-based meat market
• To provide an overview of the value chain analysis pertaining to the plant-based meat industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall plant-based meat market
• To analyze opportunities in the market by identifying high-growth segments of the Plant-based Meat market
• To profile key players in the plant-based meat market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global plant-based meat market
Evolve Business Intelligence
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India
Email: sales@evolvebi.com
Website: https://evolvebi.com/
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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